Peter's Blog

Rather than being a radical antidote to the perceived errors of market capitalism, socialism is actually very similar to capitalism, but with some extra steps of inefficiency. Capitalism often consolidates the means of production through increasing returns to scale, and sorts people through the pice system into the roles where they would add the most […]

Socialists rarely abandon their ideology no matter how badly socialist economies perform, and that persistence makes sense once the goal is understood as the establishment of state control rather than genuine prosperity. Even the collapse of the Soviet Union and the ongoing crisis in Venezuela have failed to move true believers, who simply argue that […]

Nearly all read distributive forms of government try to find some way to give moral justification for their poor economic choices. They assume that it will be easier for people to accept wealth redistribution if they can somehow prove that the wealthy are morally inferior. While like any group of people the wealthy have their […]

China’s economic rise in recent decades has been nothing short of remarkable. Many attribute this success to the country’s ambitious industrial policy, which involves central planning and heavy government intervention in the economy. However, a closer look reveals that this approach leads to inefficiency and distortions that ultimately undermine economic progress. The following article was […]

As Trump’s crony capitalism and socialist inroads in the Democratic Party crowd out defenders of free markets, many assume the only choice is between capitalism and socialism. But a third danger lurks — the possibility that rejecting both leads not to liberty, but to feudalism or primitivism, systems where rights collapse and poverty reigns just […]

On Wednesday’s episode of The Peter Schiff Show, Peter dissects Fed Chair Jerome Powell’s final Federal Reserve conference and what it signals about monetary policy going forward. He tackles the surreal optics of a central banker promising to remain on the decision-making committee after his term ends, questions the Fed’s inflation credibility, and connects the […]

Over a century of central banking has instilled an irrational fear of falling prices in the American public. But the reality is that falling prices are what make our economic lives better, and inflation, the regime’s preferred monetary policy, is far worse than deflation. The following article was originally published by the Mises Institute. The […]

The central claim of this article is that aside from regulatory barriers, the market will never leave normal people in a worse state than they would be in without the market. This is made to combat the frequent claims that the market is unfair or that people would somehow be better off without it. Workers […]

While in the last article, the extremes of two completely different ideas regarding human nature were considered. This article will examine the pros and cons of both systems of government when dealing with the reality, which is a wide continuum of various dispositions with regards to selfishness. Some people are extremely benevolent to the point […]

Whether it is the right criticizing progressive or alternative forms of architecture, or the left criticizing the horrific style choices of right wing pundits, it is an undeniable fact that a lack of beauty is perceived as somehow linked to a lack of virtue. While it is common for party members to cherry-pick specific examples […]